Business

 Wool prices dropped at this week's sale in an apparent downward correction following the sharp increases of the past few months. Cape Wools says its Merino indicator shed 2.8% to close at R110.70 p/kg for clean wool. However, the

Nissan South Africa says the Datsun brand is set to return to South Africa. In a statement on Friday, the company said the new generation Datsu will be launched by the end of 2014. It says this follows a global decision in 2010 to re

 The wool market came under pressure at this week's sale after last week's record high. Cape Wools says its Merino indicator shed 1.8% on last week to close the day at R110.46 p/kg for clean wool. Spokesperson, Ona Viljoen, says this

 Consumer prices in South Africa edged higher in December, posing a headache for the country's central bank as it meets to discuss efforts to kick-start the economy. Statistics South Africa reported that the consumer price index increased 5

Impala Platinum, the world's number two platinum producer, has concluded a deal to sell a 51% stake in its Zimbabwean unit Zimplats under a government-imposed scheme to empower local blacks. The mining house said that the purchase price for the

The Automobile Association says the latest drop in the price of petrol and diesel is likely to be short-lived. Spokesperson Gary Ronald says this year South African motorists can expect the fuel price to peak at about R13.50 to R14.00 per litre

November producer price inflation at 5.2% came in below market expections of 5.5% year on year. Investec economist Annabel Bishop says this was due to a lower-than-expected rise in the contribution from mining and quarrying and agriculture

The competition commission says Foodcorp has been fined R88.5m for price fixing. The Commission said on Thursday that it had reached a settlement with the company which admitted to collusion in fixing the pricing of wheat flour and maize meal